Well done cheapprice!
Why did you hold on?
Will you hold on for another punt?
From OzHerald post on 5/9/14:
Drilling on KI is going slower than expected due to ground conditions and not being able to get next to the target geographically so having to drill further than they wanted to, to reach thezone. Hopefully will be there soon.
From the release:
Hole VDD1401....................... did not intersect rocks which would explain the gravity anomaly, suggesting the target is (may be?) deeperthan the modelled depth.
Hole VDD1402 ........ intersected.......... insufficient amounts to explain the IP anomaly.
............ it is likely(?) ............ drilled at a sub-optimal orientation to the chargeable zone.
To assist with locating further drill holes, Monax has commenced a gradient array IP survey to accurately locate the chargeable anomaly.
.......................AND now a gradient array IP survey
.......................AND then further drill holes
The induced polarization (IP) method of geophysical exploration is supposedly capable of detecting even small amounts of metallic luster minerals in a rock mass.
So now it's a gradient array IP survey,
and further drill holes
MOX Price at posting:
2.0¢ Sentiment: None Disclosure: Held